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Today we start the first of the 6 streams of income. My choice for money working for money is online Forex trading. However, I wanted to choose an income stream that would require the lowest amount of my time, and one that would utilise the marvel of compound interest. As I dislike studying charts and spreadsheets, I decided to utilise an automated managed Forex system, that way I can reap the benefits of the high returns of Forex trading without the daily time-consuming and (for me) unpleasant studying.

The method I have chosen is Forex Macro ( http://forexmacro.com/?chrisball ). I looked at Ivybot, (Forex trading software often referred to as a Forex robot) which I will implement in the future, but for now I have chosen ForexMacro because it offers 21% return on investment – per month, which is massively higher than traditional deposit based investment, and it is completely hands off. In fact I only need to check the returns and manage the account once per month for about 30 minutes.

With this system I don’t need to go in a Forex course to learn about the market and how it works or worry about the spread betting. I can do global Forex trading without any knowledge of my own.

OK, if I were to learn how to do trading for myself and manage it all myself then the potential returns are even greater, I know someone that can double his money in less than 2 weeks, but the risks are also much higher. Also or me this would be more complex, stressful and time consuming, which is not an option for me if I am to keep to my aim of passive income.

Anyway, I hope you enjoyed this video and I will keep you posted at to how I am doing.

If you want to check it out for yourself, click over to: http://forexmacro.com/?chrisball

Until next time, have a prosperous weekend.

I have now decided on the 6 streams of income that I will use to create the financial freedom I am determined to achieve.

I have decided on 6 streams with the aim of having a minimum of 3 that are generating reliable income within the 90 days, and 3 that I can ditch if needs be. Obviously it would be really great if all 6 are successful, but that is not necessarily going to happen.

The 6 streams are:

• Forex Trading
• Ebook business
• Subscription business
• Blog with Adsense/affiliate product sales
• Pbook business
• Website Business

The idea is to have as diverse a range of businesses as possible with diverse routes to market, whilst also staying within my own general areas of knowledge. Obviously it is not necessary that I know how to do all the various things that need to be done, but it is necessary for me to know someone that does.

Over the next week I will start with the Forex Trading and document the progress I make on that.

The next video will be in a few days and until then, if you want to know more you can contact me via this site, my facebook at http://facebook.com/chilltime and http://twitter.com/entrepreneur_me

Over the next 90 days I plan to create a series of passive/leveraged income streams that will allow me to have a secure stable income sufficient to provide for all my needs.

I will be keeping you up to date with the progress of this challenge on this blog and on Facebook at http://facebook.com/chilltime. Also you can get an ongoing update of my progress from my tweets at http://twitter.com/entrepreneur_me

Join me on this journey to financial freedom and discover whether the route to financial freedom is as easy as it seems.

In the next video I will reveal the 6 streams of income that I will be using to create this freedom and choosing the first one to go with.

Then every few days I will be implementing one strategy after another to find the ones that create a stable predictable income – the other ones I will drop.

Each strategy I try will be based on known costs, known rewards and therefore I hope most of them to be a secure bet.

You can watch what I do or follow along with me on this journey to financial freedom.

Enjoy the ride.

For hundreds of years we have been taught to seek a good job, work hard and retire at age 65 with a pension. The big problem is that the pension we have long been expecting is likely to be non-existent or insignificant compared to our needs. When 65 was set as the retirement age, less than 50% of people that reached adulthood actually reach aged 65, but now with life expectancy growing fast and the number of children being born declining the cost of supporting people in their old age is getting too expensive and the amount saved for the pensions painfully insignificant compared to the real costs involved.

Throughout our lives we are assured that we will retire to a peaceful life and that once we reach age 65 we can relax and enjoy the rest of our years without fear or struggle. You only need to read the newspaper and watch the TV to know that this is not the way it will be. In the UK the Public Sector Pension Deficit is larger than the entire government debt, which itself is at the highest level in history. The picture in the US is somewhat different, but the fact is that 95% of people reach age 65 either dead or dead broke.
Unlike third world countries we do not have a culture of caring for our parents and grandparents in the way they do, so our children expect us to be able to support ourselves throughout the entirety of our lives. And that is in fact what we all want, isn’t it? To be self sufficient and to have a standard of living that allows us to go where we want and do what we want?

But if we follow what we have always been told the fact is most people will end their days flat broke and dependent on others. We are never taught about alternatives.

In this blog I am, through the knowledge of experts in various fields, seek another way to make a living that not only allows me to have more free time, but also allows me to build on my wealth and increase my prosperity even while I am sleeping. And in doing so I hope to show you what works, what doesn’t and what you can follow if you choose.

Over the last few years I have grown to understand the importance of designing your lifestyle instead of aiming for goals.

For many years I was highly successful in anyone’s definition, but in reality I was chasing the wrong things. Instead of seeking to be where I wanted to be, doing what I wanted to do and have all that I desired to have, I was seeking the thinks and the trappings of success, without ever realising that I was creating a trap for myself.

I realised that I had become a prisoner in my own life – that the things I wanted were not to be found in the showrooms of car dealers, or the windows of estate agents, but in the people I spend my time with, the places I am able to go and the hours I spend doing the things I desire to do.

What I desire is Money – Time – Freedom.

The money to live as I choose to live, the time to do the things I want to do and be with the people I want to be with and the freedom to be anywhere I choose to be and live the life I want to live.

This kind of freedom is not to be found in the things we were taught as children, or the example of our society, because it is clear that most of the people in our society are in slavery.

“None are more hopelessly enslaved than those who falsely believe they are free.”
– Johann Wolfgang von Goethe

Realising that I was not a free man I determined to learn the methods of the New Rich, those people that spend the vase majority of their waking time in the pursuit of the things that make them happy, building experiences that make a life worth living.

I have decided that – TODAY – I am going to start the process of building my life of freedom. This Blog is here to ensure that I not only record my progress but also get feedback along the way. So please feel free to leave me a comment.